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the sequester for flight delay. it is just another example of shoddy management by the faa. lori: gas prices are tank. why good news may still be on the way. melissa: fed watchers in full speculation mode as bernanke has he will skip jackson hole. a first for a federal chairman in 25 years. what does it mean? now, to the floor of the new york stock exchange. nicole petallides. nicole: we will get to some of the home builders in a second. right now you have a mixed market. the dow jones pulling back a bit. that 2.2%. last week was a rough week for the dow jones industrials. there is the tech heavy nasdaq. there is a look right now at how we have done so far. obviously, you can see that we have had a nice run this year. i wanted to also take a look at some of the homebuilders. we got in some existing home sales. pound .6% month over month. that is not good news there. the home prices that you saw word. back to you. lori: seasonally strong time of year for home sales. overall, the u.s. economy is running below its historical trend. this is a study done by the index. my next guest says the econo
an hour long. >> reporter: the faa is blaming the delays on across-the-board budget cuts which, it says, forced it on to furlough 15,000 air traffic controllers and other workers and were spacing out flights in the name of safety. several hundred flights delayed, less than the agency's prediction of 6,700 daily flight delays. but transportation secretary ray lahood warns abc, we might see an airplane apocalypse yet. >> we did not take into account weather activities. these delays could get extended beyond the 60 to 90 minutes. >> reporter: late monday, i decided to investigate the delays myself. taking a round-trip from miami -- not bad. taking off about 25 minutes late. to orlando -- it looks like we're about to take off about 50 minutes late. not too bad given the circumstances. and back. now, a lot of folks back in there gripe that probably the airports that the politicians and congressmen use, washington national, probably didn't have too many delays. it did. delays up to two hours. airline analysts say if this persists through the summer, we could see ticket prices start to rise. r
airports. those delays mainly because of the furloughs at the 13 largest airports. faa warning in some cases passengers could see delays up to 90 minutes or more. that is nationwide. this is all part of the sequestration cuts imposed by congress in order try and save more than $600 million. we'll have a look at your local weather and traffic right after this break. hey! did you know that honey nut cheerios has oats that can help lower cholesterol? and it tastes good? sure does! ♪ wow. [ buzz ] delicious, right? yeah. it's the honey, it makes it taste so... ♪ well, would you look at the time... what's the rush? bee happy. bee healthy. with clusters of flakes and o's. oh, ho ho... it's the honey sweetness. i...i mean, you...love. >>> current temperatures already showing numbers closing in on 80 around livermore, fairfield. some of the warmer places we'll see. slight offshore breeze. we should see the sea breeze kick in later this afternoon. but in the meantime upper 80s to low 90s for valley temperatures, 70s closer to san francisco. cooler temperatures start to arrive tomorrow. more
Search Results 0 to 2 of about 3

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